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Winston-Salem, NC, United States, 2014/01/09 - SmallCapReview.com, A leading site for news and information on small caps, penny stocks and microcaps is adding Intercept Pharmaceuticals (ICPT) to its list of stocks "On the Radar".
Intercept Pharmaceuticals (ICPT) is a biopharmaceutical company focused on the development and commercialization of novel therapeutics to treat orphan and more prevalent liver diseases utilizing its expertise in bile acid chemistry.
The company's lead product candidate, obeticholic acid, is a bile acid analog and first-in-class agonist of the farnesoid X receptor. OCA is being developed for a variety of chronic liver diseases including NASH, primary biliary cirrhosis, portal hypertension and bile acid diarrhea. OCA has received orphan drug designation in both the United States and Europe for the treatment of PBC.
Intercept owns worldwide rights to OCA outside of Japan and China.
ICPT Investor Highlights
Announced that the FLINT trial of obeticholic acid (OCA) for the treatment of nonalcoholic steatohepatitis (NASH) has been stopped early for efficacy based on a planned interim analysis showing that the primary endpoint of the trial has been met.
"The unexpected early stopping of FLINT due to OCA meeting the primary endpoint with such high significance is a major milestone," said Mark Pruzanski, M.D., Chief Executive Officer of Intercept. "NASH has grown to epidemic proportions worldwide, having become a leading cause of cirrhosis and liver failure."
As of September 30, 2013, Intercept's cash, cash equivalents and investment securities available for sale totaled approximately $156.8 million, compared to $110.2 million at December 31, 2012.
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